Brian Stanley (Laois-Offaly, Sinn Fein)
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I can see that is written at the bottom. I want to start at the top. We will take the example Mr. Coleman is talking about. Let us consider someone earning €66,000. The higher the subsidy, the lower the income. Somebody who is earning €66,000 is effectively borrowing the other 30% equity that the State puts in. If the person wants to buy the State out, he or she has to pay for it but does not have to do anything for six years. It is like the other scheme. The State gives that person 30%. He or she might want to buy the house but the overall cost is still €478,000. That is what this spreadsheet states. Regardless of income, that does not change. The income does not change the overall value. The purchaser pays €334,00. Mr. Coleman is correct in that regard. To be accurate, the purchaser pays €334,600. There is a deposit of €33,460. There is a mortgage of €264,000. There is an equity of €143,000, which is the lien on the property. The total borrowing is €407,000. Is that correct? That is the sum of €143,000 and €264,000, which amounts to €407,000. Is that correct?